10, 20, 30 emas are nicely stacked pointing to additional USD strength. Buy USD on pullback to 10 ema or place USD buy stop orders above swing high/below swing low. GBPJPY looks just awful and we can pray for a test of 151.30-50 area to get short.
Tuesday, September 1, 2009
USD closing strong, equities and commodities weak. Additional momentum likely
USD closed the day very strong across the board. USD index held the 78 - 77.80 level, bounced nicely and almost touched the 79 level. Majors are closing very weak against the USD and additional follow through is likely. Liquidity may not be yet great but end of summer might bring more players into the game. Hopefully we will break out of summer ranges and get some decent momentum.
10, 20, 30 emas are nicely stacked pointing to additional USD strength. Buy USD on pullback to 10 ema or place USD buy stop orders above swing high/below swing low. GBPJPY looks just awful and we can pray for a test of 151.30-50 area to get short.
10, 20, 30 emas are nicely stacked pointing to additional USD strength. Buy USD on pullback to 10 ema or place USD buy stop orders above swing high/below swing low. GBPJPY looks just awful and we can pray for a test of 151.30-50 area to get short.
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